Ono Island Real Estate Market Conditions Report October 17 2023

Amon-Russo Team | Kaiser Sotheby's International Realty

    Search Criteria:Class=RE - Residential-Single Family AND Closed Date=12 Months Back AND SbdvCmm=OnoHarbour - Ono Harbour,OnoIsland - Ono Island AND Listing Visibility Type=MLS Listing AND Status=A - Active,AUC - Active Under Contract,CS - Coming Soon,ANC - Active New ConstructionP - PendingCL - Closed

    Market Conditions Addendum Report

    (Fannie Mae Form 1004MC)

    (Freddie Mac Form 71)

    Date Run:  10/17/2023

    Base/List Date/Current:  10/17/2023

    Stable Range Selected High Limit 0% Low Limit 0%

 

Search Ono Island Homes and Real Estate Listings For Sale | Orange Beach Alabama Realtors

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Search The Gulf Featured Results
29879 St John Drive, Orange Beach

$4,200,000

29879 St John Drive, Orange Beach

5 Beds 6 Baths 6,709 SqFt Residential MLS® # 354671

Bellator Real Estate LLC Ono I PHONE: 251-979-6600

Search The Gulf Featured Results
33349 River Road, Orange Beach

$3,800,000

33349 River Road, Orange Beach

4 Beds 4 Baths 3,302 SqFt Residential MLS® # 361118

Kaiser Sotheby's Int-GS PHONE: 251-752-7345

Search The Gulf Featured Results
33400 River Road Unit U25/l20, Orange Beach

$3,600,000

33400 River Road Unit U25/l20, Orange Beach

6 Beds 7 Baths 4,500 SqFt Residential MLS® # 364660

Bellator Real Estate LLC Ono I PHONE: 228-235-4381

Search The Gulf Featured Results
32754 River Road, Orange Beach

$2,696,000

↓ $254,000

32754 River Road, Orange Beach

4 Beds 4 Baths 4,501 SqFt Residential MLS® # 357990

Bellator Real Estate LLC Orang PHONE: 251-223-6463

Search The Gulf Featured Results
30659 Harbour Drive, Orange Beach

$1,299,999

↓ $25,001

30659 Harbour Drive, Orange Beach

5 Beds 4 Baths 3,934 SqFt Residential MLS® # 350233

Bellator Real Estate LLC Ono I PHONE: 251-979-6600

Search The Gulf Featured Results
31060 Osprey Court, Orange Beach

$1,250,000

31060 Osprey Court, Orange Beach

3 Beds 3 Baths 2,400 SqFt Residential MLS® # 364638

Bellator Real Estate LLC Ono I PHONE: 251-979-6600

31292 River Road, Orange Beach

$5,300,000

31292 River Road, Orange Beach

6 Beds 7 Baths 4,718 SqFt Residential MLS® # 360051

Signature Properties

29879 St John Drive, Orange Beach

$4,200,000

29879 St John Drive, Orange Beach

5 Beds 6 Baths 6,709 SqFt Residential MLS® # 354671

Bellator Real Estate LLC Ono I PHONE: 251-979-6600

33202 River Road, Orange Beach

$4,200,000

↓ $600,000

33202 River Road, Orange Beach

4 Beds 5 Baths 4,943 SqFt Residential MLS® # 351716

RE/MAX Paradise

33349 River Road, Orange Beach

$3,800,000

33349 River Road, Orange Beach

4 Beds 4 Baths 3,302 SqFt Residential MLS® # 361118

Kaiser Sotheby's Int-GS PHONE: 251-752-7345

33400 River Road Unit U25/l20, Orange Beach

$3,600,000

33400 River Road Unit U25/l20, Orange Beach

6 Beds 7 Baths 4,500 SqFt Residential MLS® # 364660

Bellator Real Estate LLC Ono I PHONE: 228-235-4381

31668 River Road, Orange Beach

$3,350,000

31668 River Road, Orange Beach

5 Beds 5 Baths 3,648 SqFt Residential MLS® # 359883

Brett R/E Robinson Dev OB Main: 251-981-6180

 

   


Year 1- Current to 12 Months

    

    Inventory Analysis

    Prior 7 - 12 Months

    Prior 4 - 6 Months

    Current - 3 Months

    Y1 Overall Trend

       

    

    Total # of Comparable Sales (Settled)

    24

    18

    20

    Stable

       

    

    Absorption Rate (Total Sales/Months)

    4

    6

    6.67

    Increasing

       

    

    Total # of Comparable Active Listings

    17

    24

    37

    Increasing

       

    

    Months of Housing Supply (Total Listings/Ab.Rate)

    4.25

    4

    5.55

    Increasing

       

    

    Median Sale & ListPrice, DOM, Sale/List%

    Prior 7 - 12 Months

    Prior 4 - 6 Months

    Current - 3 Months

    Y1 Overall Trend

       

    

    Median Comparable Sale Price

    $1,000,000.00

    $1,200,000.00

    $1,399,500.00

    Increasing

       

    

    Median Comparable Sales Days on Market

    45

    48

    33

    Decreasing

       

    

    Median Comparable List Price

    $1,225,000.00

    $1,499,500.00

    $1,600,000.00

    Increasing

       

    

    Median Comparable Listings Days on Market

    105

    111

    60

    Decreasing

       

    

    Median Sale Price as % of List Price

    92.24%

    97.27%

    94.44%

    Increasing

       

    Year 2- 13 to 24 Months

    

    Inventory Analysis

    Prior 22 - 24 Months

    Prior 19 - 21 Months

    Prior 16 - 18 Months

    Prior 13 - 15 Months

    Y2 Overall Trend

     

    

    Total # of Comparable Sales (Settled)

    0

    0

    0

    0

    Stable

     

    

    Absorption Rate (Total Sales/Months)

    0

    0

    0

    0

    Stable

     

    

    Total # of Comparable Active Listings

    1

    1

    7

    14

    Increasing

     

    

    Months of Housing Supply (Total Listings/Ab.Rate)

    0

    0

    0

    0

    Stable

     

    

    Median Sale & ListPrice, DOM, Sale/List%

    Prior 22 - 24 Months

    Prior 19 - 21 Months

    Prior 16 - 18 Months

    Prior 13 - 15 Months

    Y2 Overall Trend

     

    

    Median Comparable Sale Price

    0

    0

    0

    0

    Stable

     

    

    Median Comparable Sales Days on Market

    0

    0

    0

    0

    Stable

     

    

    Median Comparable List Price

    $1,699,000.00

    $1,699,000.00

    $799,900.00

    $1,299,000.00

    Decreasing

     

    

    Median Comparable Listings Days on Market

    439

    439

    209

    140

    Decreasing

     

    

    Median Sale Price as % of List Price

    0

    0

    0

    0

    Stable

     

    

  MLS Number

  Status

  Address

  List Date

  Sold Date

  DOM

  List Price

  Sold Price

  %Sold/List

    

  329955

  Pending

  31611 Admiral Court

  5/1/2022

  

  367

  $899,000

  

  

    

  336784

  Closed

  4612 Bayou Court

  9/21/2022

  12/22/2022

  80

  $475,000

  $450,000

  94.74%

    

  338900

  Closed

  31317 Dolphin Drive

  11/18/2022

  5/26/2023

  165

  $1,500,000

  $1,400,000

  93.33%

    

  353001

  Active

  30525 Harbour Drive

  10/12/2023

  

  5

  $2,750,000

  

  

    

  350233

  Active

  30659 Harbour Drive

  8/15/2023

  

  59

  $1,325,000

  

  

    

  334498

  Closed

  4029 Hatteras Cove

  7/26/2022

  11/18/2022

  101

  $4,950,000

  $4,760,000

  96.16%

    

  340773

  Closed

  32827 Marlin Key Drive

  1/20/2023

  3/15/2023

  4

  $1,900,000

  $1,750,000

  92.11%

    

  348859

  Closed

  32989 Marlin Key Drive

  7/16/2023

  8/28/2023

  2

  $2,295,000

  $2,150,000

  93.68%

    

  338030

  Closed

  33044 Marlin Key Drive

  10/26/2022

  3/17/2023

  110

  $1,599,000

  $1,375,000

  85.99%

    

  348191

  Active

  33072 Marlin Key Drive

  6/30/2023

  

  109

  $1,600,000

  

  

    

  351896

  Active

  33108 Marlin Key Drive

  9/18/2023

  

  29

  $1,199,000

  

  

    

  352912

  Active

  33111 Marlin Key Drive

  10/11/2023

  

  6

  $2,995,000

  

  

    

  349804

  Closed

  33186 Marlin Key Drive

  8/3/2023

  9/5/2023

  8

  $1,749,000

  $1,675,000

  95.77%

    

  345293

  Active

  31172 Oak Drive

  5/1/2023

  

  169

  $980,000

  

  

    

  339471

  Closed

  31242 Oak Drive

  11/12/2022

  12/8/2022

  0

  $1,049,000

  $1,000,000

  95.33%

    

  337447

  Closed

  31301 Oak Drive

  10/10/2022

  3/24/2023

  30

  $840,000

  $770,000

  91.67%

    

  330877

  Closed

  31385 Oak Drive

  5/18/2022

  12/30/2022

  209

  $564,000

  $530,000

  93.97%

    

  348732

  Closed

  31424 Oak Drive

  7/13/2023

  9/14/2023

  48

  $595,000

  $558,000

  93.78%

    

  331382

  Closed

  3983 Oleander Court

  5/26/2022

  5/9/2023

  25

  $4,249,000

  $4,920,000

  115.79%

    

  350032

  Active

  28452 Ono Boulevard

  8/10/2023

  

  68

  $3,100,000

  

  

    

  344624

  Active

  28482 Ono Boulevard

  4/18/2023

  

  182

  $3,775,000

  

  

    

  349997

  Active

  28575 Ono Boulevard

  8/11/2023

  

  67

  $599,000

  

  

    

  338780

  Closed

  28575 Ono Boulevard

  11/16/2022

  12/2/2022

  4

  $499,900

  $450,000

  90.02%

    

  353027

  Active

  28601 Ono Boulevard

  10/12/2023

  

  5

  $1,350,000

  

  

    

  336879

  Closed

  29261 Ono Boulevard

  9/23/2022

  6/20/2023

  244

  $3,200,000

  $2,800,000

  87.50%

    

  346895

  Closed

  29575 Ono Boulevard

  6/4/2023

  7/21/2023

  7

  $1,350,000

  $1,300,000

  96.30%

    

  347049

  Pending

  29590 Ono Boulevard

  6/7/2023

  

  74

  $2,950,000

  

  

    

  342138

  Closed

  29632 Ono Boulevard

  2/21/2023

  5/8/2023

  45

  $2,899,000

  $2,625,000

  90.55%

    

  343187

  Closed

  29654 Ono Boulevard

  3/17/2023

  8/25/2023

  126

  $4,995,000

  $4,724,000

  94.57%

    

  347362

  Active

  29939 Ono Boulevard

  6/14/2023

  

  125

  $1,200,000

  

  

    

  336025

  Closed

  29978 Ono Boulevard

  8/30/2022

  1/26/2023

  110

  $3,250,000

  $2,800,000

  86.15%

    

  350812

  Active

  30050 Ono Boulevard

  8/25/2023

  

  53

  $1,525,000

  

  

    

  352965

  Active

  30230 Ono Boulevard

  10/11/2023

  

  6

  $1,275,000

  

  

    

  348240

  Active

  30431 Ono Boulevard

  6/30/2023

  

  109

  $3,400,000

  

  

    

  349222

  Closed

  4451 Ono North Drive

  7/25/2023

  9/1/2023

  16

  $545,000

  $540,000

  99.08%

    

  334378

  Closed

  30225 Ono North Loop West

  7/27/2022

  5/15/2023

  257

  $1,400,000

  $1,200,000

  85.71%

    

  336985

  Closed

  30295 Ono North Loop West

  9/27/2022

  2/28/2023

  119

  $1,450,000

  $1,370,000

  94.48%

    

  338377

  Closed

  30585 Ono North Loop West

  11/3/2022

  1/12/2023

  10

  $1,079,000

  $1,000,000

  92.68%

    

  345916

  Active

  30745 Ono North Loop West

  5/12/2023

  

  157

  $599,000

  

  

    

  340243

  Closed

  30745 Ono North Loop West

  1/6/2023

  2/9/2023

  32

  $475,000

  $450,000

  94.74%

    

  342883

  Closed

  30815 Ono North Loop West

  3/10/2023

  5/4/2023

  10

  $675,000

  $670,000

  99.26%

    

  340578

  Closed

  30840 Ono North Loop West

  1/16/2023

  7/31/2023

  150

  $650,000

  $613,000

  94.31%

    

  352433

  Active

  4812 Osprey Drive

  9/30/2023

  

  17

  $699,000

  

  

    

  349895

  Active

  4819 Osprey Drive

  8/7/2023

  

  71

  $719,000

  

  

    

  340697

  Closed

  4827 Osprey Drive

  1/19/2023

  4/25/2023

  52

  $895,000

  $890,000

  99.44%

    

  349929

  Closed

  30941 Peninsula Drive

  8/8/2023

  9/21/2023

  9

  $2,250,000

  $2,150,000

  95.56%

    

  337162

  Closed

  30941 Peninsula Drive

  10/1/2022

  10/31/2022

  0

  $1,650,000

  $1,650,000

  100.00%

    

  343795

  Closed

  30976 Peninsula Drive

  3/31/2023

  6/14/2023

  41

  $944,000

  $944,000

  100.00%

    

  330893

  Closed

  30979 Peninsula Drive

  5/18/2022

  10/17/2022

  140

  $799,900

  $699,900

  87.50%

    

  346497

  Pending

  31043 Peninsula Drive

  6/23/2023

  

  93

  $1,029,000

  

  

    

  351363

  Active

  28496 Perdido Pass Drive

  9/6/2023

  

  41

  $1,390,000

  

  

    

  329389

  Closed

  31315 Pine Run Drive

  4/21/2022

  9/29/2023

  483

  $739,000

  $699,000

  94.59%

    

  344744

  Closed

  31357 Pine Run Drive

  4/20/2023

  6/22/2023

  43

  $875,000

  $855,000

  97.71%

    

  347568

  Closed

  31487 Pine Run Drive

  6/14/2023

  10/2/2023

  46

  $569,500

  $540,000

  94.82%

    

  341041

  Closed

  30194 River Road

  1/27/2023

  3/31/2023

  10

  $1,850,000

  $1,450,000

  78.38%

    

  348235

  Closed

  30194 River Road

  6/30/2023

  8/8/2023

  35

  $2,850,000

  $2,675,000

  93.86%

    

  334240

  Closed

  30351 River Road

  7/22/2022

  10/24/2022

  69

  $689,000

  $655,000

  95.07%

    

  348805

  Active

  30400 River Road

  7/14/2023

  

  95

  $1,899,999

  

  

    

  343360

  Pending

  30410 River Road

  3/20/2023

  

  114

  $1,775,000

  

  

    

  339056

  Closed

  30511 River Road

  11/23/2022

  5/31/2023

  41

  $789,000

  $755,000

  95.69%

    

  341274

  Closed

  30707 River Road

  2/1/2023

  7/20/2023

  125

  $649,000

  $615,000

  94.76%

    

  349617

  Closed

  30736 River Road

  8/1/2023

  9/27/2023

  8

  $1,999,999

  $1,780,000

  89.00%

    

  331738

  Closed

  31221 River Road

  6/2/2022

  12/2/2022

  68

  $799,900

  $735,000

  91.89%

    

  342137

  Closed

  31270 River Road

  2/20/2023

  5/24/2023

  67

  $1,599,000

  $1,400,000

  87.55%

    

  342658

  Closed

  31292 River Road

  3/3/2023

  3/22/2023

  5

  $1,200,000

  $1,100,000

  91.67%

    

  344710

  Closed

  31295 River Road

  4/19/2023

  6/2/2023

  14

  $699,000

  $678,560

  97.08%

    

  330414

  Closed

  31319 River Road

  5/9/2022

  11/10/2022

  9

  $850,000

  $872,000

  102.59%

    

  336404

  Closed

  31362 River Road

  10/12/2022

  5/26/2023

  173

  $1,695,000

  $1,500,000

  88.50%

    

  349247

  Active

  31487 River Road

  7/25/2023

  

  84

  $915,000

  

  

    

  352199

  Active

  31668 River Road

  9/26/2023

  

  21

  $4,967,000

  

  

    

  350466

  Active

  31729 River Road

  8/17/2023

  

  61

  $2,975,000

  

  

    

  347892

  Closed

  31743 River Road

  6/23/2023

  8/7/2023

  27

  $1,250,000

  $1,250,000

  100.00%

    

  351042

  Active

  31899 River Road

  8/30/2023

  

  48

  $1,970,000

  

  

    

  342730

  Closed

  31924 River Road

  3/8/2023

  6/29/2023

  99

  $1,150,000

  $1,145,000

  99.57%

    

  338212

  Closed

  32165 River Road

  10/29/2022

  8/23/2023

  280

  $1,190,000

  $875,000

  73.53%

    

  339190

  Closed

  32235 River Road

  12/1/2022

  5/22/2023

  122

  $1,299,999

  $1,200,000

  92.31%

    

  347746

  Closed

  32318 River Road

  6/20/2023

  8/11/2023

  12

  $3,500,000

  $3,154,000

  90.11%

    

  346652

  Closed

  32348 River Road

  5/30/2023

  7/31/2023

  6

  $1,499,000

  $1,499,000

  100.00%

    

  353009

  Active

  32355 River Road

  10/12/2023

  

  5

  $2,275,000

  

  

    

  339286

  Active

  32375 River Road

  12/3/2022

  

  312

  $1,749,999

  

  

    

  344004

  Active

  32553 River Road

  4/4/2023

  

  196

  $1,250,000

  

  

    

  342186

  Closed

  32697 River Road

  2/20/2023

  4/5/2023

  14

  $999,999

  $900,000

  90.00%

    

  343031

  Closed

  32711 River Road

  3/14/2023

  4/26/2023

  3

  $1,650,000

  $1,638,150

  99.28%

    

  348451

  Active

  32731 River Road

  7/7/2023

  

  102

  $1,750,000

  

  

    

  347111

  Active

  32754 River Road

  6/8/2023

  

  131

  $2,990,000

  

  

    

  352909

  Pending

  32887 River Road

  10/11/2023

  

  2

  $1,299,000

  

  

    

  351716

  Active

  33202 River Road

  9/14/2023

  

  33

  $4,800,000

  

  

    

  351769

  Active

  33265 River Road

  9/15/2023

  

  32

  $1,299,000

  

  

    

  336619

  Closed

  32299 Sandpiper Drive

  9/16/2022

  11/16/2022

  59

  $956,000

  $870,000

  91.00%

    

  349902

  Active

  32485 Sandpiper Drive

  8/7/2023

  

  71

  $969,000

  

  

    

  348918

  Active

  32648 Sandpiper Drive

  7/18/2023

  

  85

  $1,179,500

  

  

    

  349844

  Active

  32667 Sandpiper Drive

  8/5/2023

  

  73

  $1,340,000

  

  

    

  351060

  Active

  32675 Sandpiper Drive

  8/30/2023

  

  48

  $2,200,000

  

  

    

  342140

  Closed

  32789 Sandpiper Drive

  2/21/2023

  8/10/2023

  120

  $3,750,000

  $3,300,000

  88.00%

    

  342464

  Closed

  5269 Sandy Key Drive

  3/2/2023

  5/22/2023

  27

  $949,000

  $925,000

  97.47%

    

  335017

  Closed

  5385 Sandy Key Drive

  8/9/2022

  7/5/2023

  282

  $5,000,000

  $5,000,000

  100.00%

    

  329242

  Closed

  31740 Shoalwater Drive

  4/18/2022

  11/7/2022

  156

  $1,299,000

  $1,200,000

  92.38%

    

  339692

  Closed

  31867 Shoalwater Drive

  9/27/2021

  12/20/2022

  439

  $1,699,000

  $1,400,000

  82.40%

    

  352880

  Active

  31891 Shoalwater Drive

  10/11/2023

  

  6

  $3,250,000

  

  

    

  338511

  Closed

  31904 Shoalwater Drive

  11/7/2022

  12/16/2022

  7

  $1,200,000

  $1,200,000

  100.00%

    

  349818

  Active

  29633 St John Drive

  8/4/2023

  

  60

  $1,950,000

  

  

    

  347215

  Active

  29849 St John Drive

  6/10/2023

  

  129

  $3,375,000

  

  

    

  347327

  Closed

  29876 St John Drive

  6/13/2023

  8/11/2023

  32

  $1,400,000

  $1,300,000

  92.86%

    

  341040

  Closed

  5315 Turtle Key Drive

  1/27/2023

  7/31/2023

  120

  $2,100,000

  $1,700,000

  80.95%

    Explanation of Results:

    1. The overall trend compares the latest reported period with the most current reported period.  If the latest or most current reported period does not have a value it is not used in the overall trend calculation.  If three or more reported periods in Year 2 have no value then the overall trend will be reported as stable. If two or more reported periods in Year 1 have no value then the overall trend will be reported as stable.

    2. The overall trend is reported as stable if the difference between the compared periods falls within the stable range selected by the user. All differences higher than the high limit of the stable range are increasing.  All differences lower than the low limit of the stable range are decreasing.

    3. The overall trend for Total # Comparable Sales and the Absorption Rate use the same calculation.  The overall trend for both values will be the same.

    4. The Total # of Comparable Active Listings is determined using data from a single date in the reported time period.  There is no need for further calculations to determine the intermediate trend for this value.

    5. The Median Sales Price/List Price ratio is calculated independently for each listing in the reported time period and the median of those values is reported.  The value cannot be calculated using any of the data in the report form above.

Posted by Meredith Amon on
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